Collateral vehicle title loans provide fast and easy loans for clients who want to apply for emergency cash any car as collateral.
While some lending institutions may offer some type of short term loan or unsecured loan, unfortunately these require not only extensive credit checks but also long waiting periods and extremely restrictive terms of only 30 or 60 days, and very high interest rates. This will not bode well for borrowers who need fast emergency cash without getting into more debt and financial problems.
Collateral vehicle title loans
It’s a good thing collateral vehicle title loans are fast becoming the borrower’s best solution, providing low interest rates and long payment terms using a fully owned car as collateral, so long as the car title is fully lien free.
Easy requirements for collateral vehicle title loans
For the collateral car title loans, the requirements and paperwork required is minimal, with only a brief application that may be filled out online, the car title, a valid driver’s license, and any proof of permanent residence. Many collateral car title loan lenders also emphasize that self-employment and other unique employment situations are not a problem for the loan approval.
Practical and fast loan approval in one hour
Once all requirements are submitted, the lenders need to thoroughly inspect the vehicle for engine performance and to ascertain its true market value for the loan amount. Up to $25,000 in loan amount can be approved. The loan is then approved, with cash dispensed to the borrower within the same hour the loan is approved. No credit checks are needed for no credit check title loans because the loan is already secured by the collateral.
Interest rates for collateral vehicle title loans are the lowest
Even when compared to unsecured loans or short term loans, they are the lowest, in fact, in the whole lending industry because consumers are protected by the collateral security. Also, payment terms run from 1 year and are flexible up to 5 years. Up to 70 percent lower interest rate can be offered against any close competitor.
At Snap Car Cash, we loan you money based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online. You’ll speak with a member of our dedicated team and see how Snap Car Cash can help.